Dental Devices - Argentina | Statista Market Forecast

Revenue in the Dental Devices market market in Argentina is anticipated to reach US$85.77m in 2024.
This revenue is forecasted to demonstrate an annual growth rate (CAGR 2024-2029) of 7.67%, leading to a market volume of US$124.10m by 2029.
In a global context, the majority of revenue will be generated the United States, with a projected amount of US$7.40bn in 2024.
Argentina's dental device market is experiencing a surge in demand driven by increasing oral health awareness and advancements in dental technology.

Definition:
The Dental Devices market, a medical technology market, covers a wide range of products used in the diagnosis, treatment, and prevention of diseases and conditions affecting oral health. This includes dental equipment such as dental lasers, laboratory equipment, hygiene maintenance devices, and other dental devices.

Additional information:
Market values represent revenues paid to primary vendors at manufacturer price level either directly or through distribution channels (excluding VAT). Reported market revenues include spending by consumers (B2C), enterprises (B2B), and governments (B2G). Revenues are allocated to the country where the money is spent.

Key players in the market include 3M, Dentsply Sirona, and Align Technology. Further information on the key players can be found in the Market Shares boxes.

Dental surgical devices
Implants such as dental prosthetics

Dental drugs
Dental supplements

The Dental Devices Market in Argentina is witnessing moderate growth, influenced by factors such as increasing dental health awareness, advancements in technology, and the rising demand for aesthetic dental solutions. These elements are shaping the market's trajectory.

Customer preferences: Consumers in Argentina are increasingly prioritizing oral aesthetics and overall dental health, leading to a growing demand for advanced dental devices such as clear aligners and teeth whitening systems. This trend is particularly pronounced among younger demographics, who are influenced by social media and the desire for improved self-image. Additionally, the rising interest in preventive care is fostering greater investment in regular dental check-ups and innovative treatments, reflecting a shift towards proactive dental health management in urban areas.

Trends in the market: In Argentina, the Dental Devices Market is experiencing a surge in demand for innovative products like clear aligners and advanced teeth whitening systems, driven by a growing emphasis on oral aesthetics and health. This trend is particularly noticeable among younger consumers, who are increasingly influenced by social media and the desire to enhance their self-image. Furthermore, the rising interest in preventive care is encouraging investments in regular dental check-ups and novel treatments, signaling a shift towards a proactive approach to dental health. This evolving landscape presents significant opportunities for industry stakeholders to innovate and cater to the changing preferences of consumers.

Local special circumstances: In Argentina, the Dental Devices Market is shaped by unique cultural attitudes towards beauty and dental care, with a strong emphasis on aesthetic appearance driving consumer demand for products like clear aligners and whitening treatments. Additionally, the country's diverse geography influences access to dental services, with urban areas experiencing higher demand compared to rural regions. Regulatory frameworks also play a crucial role, as local compliance and certification processes can affect the introduction of innovative dental technologies, creating both challenges and opportunities for market entrants.

Underlying macroeconomic factors: The Dental Devices Market in Argentina is significantly impacted by macroeconomic factors such as national economic stability, inflation rates, and consumer spending power. Economic fluctuations can affect disposable income, leading to variations in demand for dental aesthetic products like clear aligners and whitening treatments. Furthermore, fiscal policies aimed at healthcare investment can enhance access to dental services, particularly in underserved regions. Global economic trends, such as supply chain disruptions, also play a role, influencing the availability and cost of dental devices, while regulatory frameworks dictate the speed and feasibility of market entry for innovative technologies in the sector.

Data coverage:

Data encompasses B2B, B2G, and B2C spend. Figures are based on medical devices and IVD revenues allocated to the country where the money is spent at manufacturer price levels excluding VAT.

Modeling approach / Market size:

Modeling employs a top-down approach with a bottom-up validation, using financial information of the key players by market. Market sizes are determined by a top-down approach, based on a specific rationale for each market market and allocated to the covered countries according to the global market shares. As a basis for evaluating markets, we use relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, healthcare system, and regulations concerning medical products. Next, we use further relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, healthcare payer system, and regulations concerning medical products. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

This report presents a comprehensive analysis and additional information on the Health market, in a PDF format.

Medical technology plays a role in the lives of everyone. It includes most of all, medical devices which simplify the prevention, diagnosis, and treatment of diseases and illnesses. The most well-known medical technology products are, among others, pacemakers, imaging instruments, dialysis machines, and implants. The global medical technology industry was worth over 567 billion U.S. dollars annually. Established centers of this industry include North America and Western Europe. The United States is home to the world’s largest medical technology companies. As of 2022, Abbott Laboratories had the largest global revenue at over 31.2 billion U.S. dollars. The main focus of devices manufactured by the Chicago-based company are diagnostics, cardiovascular, and diabetes care. Two other medtech companies that round off the top three largest companies –Medtronic and Johnson & Johnson – are both based in the United States. Although, industry trends show that Asia, and in particular China, is about to play a more prominent role in the years to come.